Retail
May 24, 2022
Will China's zero-COVID policy endanger luxury expansion efforts? Not in the long-term: most brands should already have contingency strategies in place. Image credit: Dior
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","iv":"d3c622ab2ffd8b65da329f9fe443e688","s":"341de9bcd805fd6d"}
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